Costa Rica recorded a Government Budget deficit equal to 1.50 percent of the country's Gross Domestic Product in 2023. Government Budget in Costa Rica averaged -3.41 percent of GDP from 1991 until 2023, reaching an all time high of 0.60 percent of GDP in 2007 and a record low of -7.30 percent of GDP in 2020. source: Banco Central de Costa Rica

Government Budget in Costa Rica is expected to reach -3.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Costa Rica Government Budget is projected to trend around -2.80 percent of GDP in 2025 and -2.50 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 41.00 Jan 2025
Fiscal Expenditure 5195414.05 4451471.99 CRC Million Jul 2024
Government Budget -1.50 -1.70 percent of GDP Dec 2023
Government Budget Value 903689.83 714622.25 CRC Million Jul 2024
Government Debt to GDP 61.12 62.99 percent of GDP Dec 2023
Government Revenues 4291724.23 3736849.72 CRC Million Jul 2024
Government Spending 1582594.72 1582099.70 CRC Million Sep 2024
Holidays

Costa Rica Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-1.50 -1.70 0.60 -7.30 1991 - 2023 percent of GDP Yearly